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Newspaper
Cedar Rapids Gazette
Location
Cedar Rapids, Iowa, United States of America
Date
Aug 06, 1983
Page
24
Friday's market overview shows the Dow Jones Industrial Average near 1192 with a slight decline while the Standard & Poor's 500 holds near 424. The NYSE volume nears 47 million shares as traders digest earnings and economic data.
CHICAGO AP Harvester International plans an equity-for-debt exchange to stabilize long term prospects. SEC filings show a substantial refinancing package for a debt load of about 3.6 billion dollars. The company aims to win creditor support by offering concessions and stressing improving performance while starting third installment negotiations late this year.
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